5 December 2012 Archive

Osborne cancels January's 3p-a-litre fuel duty rise

George Osborne has cancelled the 3p-a-litre fuel duty rise

George Osborne has announced that he is to permanently cancel the government's planned 3p-a-litre fuel duty rise scheduled for January.

UK economy could be contracting as service sector growth slows

Activity in the vital services sector stalled in November

There was more bad news for the UK economy this morning as activity in the dominant services sector slowed to its lowest level for 23 months.

Tesco to leave US market as UK sales fall

Tesco saw a drop in UK sales in the third quarter

Tesco is conducting a review of its US business Fresh & Easy with all options open as it suffered a 0.6 per cent drop in UK sales excluding VAT and petrol.

BRC: Retailers hoping for Christmas rush as online sales slow

Retail sales rose by 1.8% in November, according to the BRC

The British Retail Consortium reports a 1.8 per cent rise in like-for-like sales in November, but the third worst set of online sales in 2012.

Inflation means household essentials rise to record £483pw

UK households spent a record amount each week in 2011

Official data from the Office for National Statistics (ONS) shows that the average UK household spent £483.60 a week in 2011, up by £10 from 2010.

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